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, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser
in newtown. the event was organized by students and parents at henry moore elementary. they are opening to send a big donation today. >>> at 6:45 this morning president obama will announce a white house effort to curb gun violence. president obama is putting vice president joe biden in charge of the effort. when president obama went to newtown, connecticut following the school shooting there, he promised he would do what he could to prevent such tragedies from happening again. >>> congress gets briefed today by the authors of a critical support of security. the independent panels report the security of the consulate that killed four americans was grossly inadequate. the report blames serious bureaucratic mismanagement at the state department. coming up at 6:15 house secretary of state hillary clinton is responding to that criticism. >>> 6:07. thousands of people lining upright now in san francisco out in the cold. they are looking for some holiday cheer. ktvu brian flores is outside glide memorial church right now. where there are delights waiting for the people who are waiting out in t
and parents at henry moore elementary. they also raised money for the victims and their families. >> it's really important for us to stand as one for our nation, for our kids. >> i think that folks are looking for other people who to be around. during this time. because there are -- there really are no answers. >> the money that was raised will go to the sandy hook school support fund. organizers hope to send a big donation today. >>> at 8:45 this morning. president obama will announce a white house effort to curb gun violence. president obama is putting vice president joe biden in charge of the effort. when president obama went to newtown, connecticut following the school shooting there he promised what he could do to 3re vent such tragedies in the future. >>> congress gets briefed today by the authors of a very critical report at security in benghazi. the independent panel reports the security that killed four americans was grossly inadequate. coming up at 5:15 how secretary of state hillary clinton is responding to the panels criticism. >>> let's get you going this morning. out the d
for business and he is he is isly during a fragile economic recovery. economist steve moore will be joining us in just a moment. heather: plus one side already claiming victory in egypt's controversial new constitution fight. the latest news coming out of cairo. that is coming up. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabam louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mis
on apparently the fiscal cliff negotiations. we'll get in depth on that with steve moore ahead. all these politics play out in washington, d.c. what about your money? we'll have that next on "happening now." you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. jenna: there is breaking news. want to bring you back to the markets now. as they failed attempt at avoiding fiscal cliff sent stocks down. we're right around near the lows of session for the dow jones industrial average. there is a quick look at that we'll keep an eye on the markets. very volatile this time of year. significant that we're at this point now. also breaking this morning, house speaker john boehner is wrapping up remarks a short time a
and parents at henry moore elementary. the event raised money for victims and their families. >> it's really important for us to stand as one. >> i think folks are looking for other people to be around at this time because there are no answers. >> money raised will go to the sandy hook school support fund. organizers hope to send a big donation today. >>> mark zuckerberg is making his biggest gift to charity so far to a south bay organization. he's donating almost $500 billion in facebook stalk to the silicon valley organization. it is zucker berg's second donation since joining the giving pledge group. it encourages wealthy individuals and families to give away most of their money. >>> there is a report this morning that the federal trade commission will not be able to wrap up its anti-trust investigation of google for the next few day the -- for the next few weeks. google was accused of giving competitors lucrative areas like travel, a lower ranking in search results. the european commission is conict ducting a similar -- conducting a similar investigation. >>> this morning ubs was ordere
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
Search Results 0 to 6 of about 7